# South African rand falls as strong dollar, power cuts weigh

> The rand fell 1.4% on May 9 as the dollar climbed to a two-decade high after the Federal Reserve's 50-basis-point hike. Eskom also resumed scheduled power cuts, which constrain economic growth.

- Date: 2022-05-09 · published 2022-05-09T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/41697-south-african-rand-falls-as-strong-dollar-power-cuts-weigh
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A stronger dollar lifts the rand price of dollar-denominated imports, while power cuts weigh on South African demand. The currency move has little direct effect on global grain prices.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/world/africa/south-africas-rand-falls-stronger-dollar-weighs-2022-05-09/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.